Energy company Shell has evacuated some of its workers from two platforms in the North Sea that are near an underwater gas leak from a nearby rig. The leak of flammable gas was discovered over the weekend...
Shell gas operator, Cool Petroleum is pumping US$2 million (J$175 million) into capacity upgrade of its Rockfort Kingston facility but denies those plans include construction of a refinery despite getting state approval...
Years ago, I decided to spend as little time as possible watching commercial television. Generally, I found that the few nuggets of value to be mined didn't justify the time...
The 17 countries that use the euro need to build a €1 trillion (US$1.3 trillion) firewall to help the struggling currency union return to growth, the head of the Organisation for Economic Cooperation and Development....
ST VINCENT Prime Minister Dr Ralph Gonsalves says his administration is considering suing a commercial bank as it seeks to recapture investments by citizens and local companies hit by the collapse of the Trinidad-based British American Insurance Company...
The Real Estate Board (REB) is indicating that the interests of condominium owners and others with a stake in the Palmyra Resort and Spa, which has been in receivership since last July, are likely to be satisfied from a deal currently being...
Colonial life Insurance Company (CLICO) is hoping to extend by another six months a shareholders' agreement its parent company, CL Financial, has with the Trinidad and Tobago government, CLICO chairman Gerald Yetming has announced....
The Development Bank of Jamaica (DBJ) is now selling off the assets of Thermo-Plastics Jamaica, a company which was once the island's largest plastic manufacturer and the subject of an extended court fight....
Natural gas prices fell again in morning trading Tuesday amid doubts that a huge surplus of the fuel will be depleted anytime soon. Natural gas futures fell four cents to US$2.18 per 1,000 cubic feet after dropping five cents on Monday...
Racebrook Marketing Concepts of Jamaica and its auction affiliate Sheldon Good & Company have extended the March 28 deadline for auctioning The Palmyra Resort & Spa
St. Vincent and the Grenadines Prime Minister Dr Ralph Gonsalves on Monday said insurance laws in Trinidad and Tobago contravene the Caribbean Community (CARICOM) treaty and allow the oil rich twin island republic to treat its nationals favourably following the collapse ...
Stocks leapt to multiyear highs and recorded one of their biggest gains of the year Monday after Federal Reserve Chairman Ben Bernanke suggested that the United States economy still needs help to produce faster job growth.The Dow Jones industrial...
The Port Authority of Jamaica (PAJ) has been awarded the 2011 Best Local Initiative for the Historic Falmouth Port by Cruise Insight Magazine The PAJ received the award at the 2012 staging of Cruise Shipping Miami.Cruise Shipping Miami (formerly Sea...
The Jamaica Chamber of Commerce (JCC) has lauded GraceKennedy for its 90 years of unbroken service in the fields of commerce, manufacturing and services...
The Jamaica Used Car Dealers Association (JUDCA) is hoping to have dialogue with the Ministry of Industry, Investment and Commerce next week as it continues advocating against a proposal to rollback the import age limits for cars and light commercial...
Tax reform and the stabilization of the debt indicators will be key objectives in the 2012/13 budget to be tabled in Parliament in April as the Government responds to the International Monetary Fund (IMF) to take strong policy action...
Despite posting an increase in revenues, upward movement in expenses resulted in a decline in net profits recorded by manufacturer and distributor Seprod Limited at the end of its financial year December 2011....
WESTERN BUREAU: ALMOST TWO years after the Professor Alvin Wint-led Sugar Industry Enquiry Commission concluded its examination of the local sugar industry and made recommendations for its improvement, nothing has been done in terms of implementation....
Pan Caribbean Sugar Company (PCSC) is to be conferred with 'agent' status, effectively ending the monopoly on the marketing of Jamaicans sugar crystals held by Jamaica Cane Product Sales, but sugar regulators say the status quo will remain for the current crop.
Financial consultant Noel Hann says that while lower mortgage rates might contribute to higher mortgage uptake and lower delinquency levels in the residential market, there are systemic challenges preventing building societies and other financiers from cutting rates much further.
Two senior managers have resigned from Pan Caribbean Financial Services. Nicole Case will leave the company on March 30 while Margaret McPherson, the vice-president of operations at subsidiary PanCaribbeanBank Limited, departs on May 2.
The Jamaica Used Car Dealer Association has rejected a suggestion by the Automobile Dealers Association the Government consider rolling back the age limit for imported vehicles.
Bank of America says it has begun a pilot programme offering some of its mortgage customers who are facing foreclosure a chance to stay in their homes by becoming renters instead of owners.
Jamaica's new man in New York: Herman LaMont, a 33-year veteran of the foreign service, will in April take up his new posting as Jamaica's Consul General to New York.
